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South Korea to Cut Income Taxes
By More Than 10% by Year End

By

So-Eui Rhee Dow Jones Newswires

Updated Aug. 16, 2001 5:16 a.m. ET

SEOUL, South Korea -- As a part of stimulus package for the sagging economy, the South Korean government will cut personal income tax by more than 10%, an official at the presidential Blue House said Thursday.

The Ministry of Finance and Economy will reveal a plan for the tax cut by the end of August, said Han Seung-hee, Assistant Secretary to...